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In 2013, Alipay introduced a economic item System referred to as Yu'ebao (余额宝).[178] Alipay partnered With all the Tianhong Asset Administration to launch it to most of the people.[178] Yu'ebao delivers an online funds market account during which Alipay consumers can deposit cash and receive a bigger curiosity level than that readily available from banks.
[118] The scandal was mentioned to possess placed the head of Alibaba Group, Jack Ma—who was called owning been furious around the scandal—ready to Individually combat to acquire back believe in.[120]
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China's increase as an economic electric power and its significance to entire world steadiness is too crucial for there to generally be a singular thesis."[193] The acquisition attracted media considerations over what This might signify with the newspaper's protection.[194]
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